Here, we summarize the key entity data integrity and management takeaways presented at the Diligent Modern Governance Summit 2020.
All Entity Management Content
A paralegal can set up entity management software so that a specific persona - say, the General Counsel, the tax manager, or the financial controller - can see at a glance any information that is pertinent to their job role. These personas, or job types, can then go to their persona-specific dashboard and see only what they need to - without needing to come knocking on the paralegal’s door.
A subsidiary is a company that is owned or controlled by a parent or holding company. Usually, the parent company will own more than 50% of the subsidiary company. This gives the parent organization the controlling share of the subsidiary.
Via a combination of federal and provincial laws, Canada takes a robust stance on corporate governance and regulatory compliance. What legislation do you need to be aware of if you operate in Canada? How can you ensure your approach to your legal entities is on-point, and doesn’t expose you to potential regulatory or legislative failings?
Your corporate structure plays a key role in your entity management efforts, particularly when planning effective tax strategies, ensuring they meet with regulatory requirements or supporting transfer pricing. Being able to clearly visualize your corporate structure enables you to make better decisions across your organization, but particularly in relation to your tax planning.
Working as a paralegal comes with a lot of pressure. From entity management to corporate data and access queries, the burden of information is high. But, as Lauren McMenemy writes, there is a solution.